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Amazon can bring just about anything, from an air mattress to a Nerf gun to thumbtacks, right to your door within 24 hours. GrubHub can also put on dumplings, sandwiches, or a fresh salad in minutes. So why can’t you get fast, reliable door-to-door delivery of something you really need? Kind of like…prescription drugs?
That’s where NowRx comes in. The tech-enabled pharmacy chain offers a simple, hassle-free way to get your prescriptions delivered within hours at no additional cost. Founded in Northern California, NowRx has grown steadily to over 8 locations and $25 million in annualized revenue as of November. Now the company is poised for rapid national expansion and is recruiting investors who see the promise of disrupting the $480 billion retail pharmaceutical industry.
The key to NowRx’s success? Proprietary software and robotics plus minimal overhead ultimately leading to a superior customer experience.
And that superiority is sustained by both patients and doctors. While other pharmacy delivery competitors have garnered an alarming number of 1-star Yelp reviews (Amazon Pill Pack at 80 percent and Capsule at 32 percent), NowRx has garnered less than 1 percent of 1-star reviews. times. In fact, all eight NowRx locations currently have an incredible 5.0 rating from Yelp reviewers.
The NowRx model is surprisingly simple. It starts when patients or doctors submit a prescription to their local NowRx, just like they would any other pharmacy. However, unlike other pharmacies that use manual processes and older software, NowRx uses proprietary “QuickFill” pharmacy management software and dispensing robotics to receive, process, bottle and dispense the prescription in less than 30 seconds, all while minimizing errors that cause delays such as insurance issues, lack of communication with doctors, etc.
Once NowRx confirms your order and address, they go the extra mile by offering free delivery directly to the patient’s home. It’s promised to be at your doorstep in two to four hours, or just 60 minutes for a $5 expedited order. Meanwhile, the customer only pays their insurance copay to receive that extra convenient home delivery.
That intriguing recipe for success has already generated enormous interest in the company’s investment rounds, with more than 10,000 people buying shares since they became available on SeedInvest in 2016. During that time, the share price of NowRx is up 1650% and it looks like there could be a lot more room to grow.
In 2021, NowRx has also expanded its offerings to include telehealth services showing promising growth. From Q1 to Q3, telehealth revenue alone grew 1,081%, providing another significant growth avenue for the company.
NowRx appears poised for massive growth and could offer some investors a very promising opportunity as they look to expand nationally. The company is currently raising a record $73 million through equity crowdfunding on SeedInvest and Investor Place recently highlighted the company as one of the top 7 startups to buy now on the internet.
You can also learn more about the NowRx investment opportunity through the company’s investment page here.
NowRx is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Level II of Regulation A. A copy of the Final Offering Circular is available as part of the Offering Statement. Offer from: NowRx